Bitcoin BTC/USD are traded at the level of 7662 and continue to move within the bullish channel. At this point, we should expect a test of the support level near the area of 7500. Again, we should expect a rebound and an attempt to start the growth of the Bitcoin exchange rate with a target above 8250 level.
Bitcoin (BTC/USD) technical analysis June 8, 2018
In favor of the growth of quotations BTC/USD will perform a test of the support line on the indicator of relative strength index (RSI). The abolition of the Bitcoin growth option will be the fall and breakdown of the 7300 area, which indicates that the Bitcoin rate will continue to fall below the 6700 level. With the breakdown of the upper limit of the bearish channel and the closing of the cryptocurrency quotes above the level of 8150, it is necessary to confirm the development of the bullish trend.
Bitcoin (BTC/USD) technical analysis June 8, 2018 assumes an attempt to test the support level near the area of 7500 and continue growth with a potential target at 8250, an additional signal for Bitcoin’s growth will be a test of the support line on the indicator of relative strength index (RSI).
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